Does trade openness promote economic growth in developing countries?

Hyun-Jung Nam and Doojin Ryu

Journal of International Financial Markets, Institutions and Money, 2024, vol. 93, issue C

Abstract: This study examines the influence of trade openness on economic growth in the Association of Southeast Asian Nations. Trade openness is associated with low levels of trade barriers and high levels of trade volumes. Lower trade barriers may negatively affect GDP in developing economies, implying that excessive trade openness could impede economic growth. Conversely, increased trade volumes positively affect GDP, highlighting the potential advantages of trade openness for economic growth. We identify the moderating role of trade barriers, noting that in countries with high trade barriers, increased trade volumes are associated with stronger economic growth.

Keywords: ASEAN; Economic growth; Trade barriers; Trade openness; Trade volumes (search for similar items in EconPapers)
JEL-codes: B27 F14 F38 F41 G15 (search for similar items in EconPapers)
Date: 2024
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:intfin:v:93:y:2024:i:c:s1042443124000519

DOI: 10.1016/j.intfin.2024.101985

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